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Merger Performance: The Marriage between SAIL and MEL.

Merger Performance: The Marriage between SAIL and MEL. Source:  Amity Management Review . Jun-Dec2012, Vol. 2 Issue 2, p69-79. 11p. Author(s):  Leepsa, N. M. Email: n.m.leepsa@gmail.com  Abstract: The purpose of the study is to analyze the financial performance of Steel Authority of India Ltd (SAIL) after merger deal with MEL. The financial statements are analyzed for pre and post-merger five years (2000-2010) by using seven financial ratios. The accounting approach uses accounting measures and productivity measures of financial statements to evaluate the M&A success. In spite of creation limitations, accounting ratios are considered as reliable and convenient for making analysis since financial statements are audited. Ratio analysis is employed as is considered as a convenient technique to make a quantitative analysis of companies' performance. The results show that the financial performance of SAIL in terms of profitability, liquidity and solvency has im...

Abstracts of Some Past Research

Abstracts of Some Past Research Leepsa, N. M. & Mishra, C. S., 2014. Return from Indian Acquisitions: Does Deal Size Matter? Co-author: Dr. Chandra Sekhar Mishra, VGSoM, IIT Kharagpur Mergers and acquisitions are the corporate growth strategy that has grown in recent years. The performance of companies in post-acquisition period is influenced by various factors; one of the factors which remain explored is deal value. This paper attempts to investigate the post-acquisition performance of manufacturing companies in India based on their deal size-small and large deal size. Performance is evaluated on profitability parameters (return on capital employed, return on net worth, return on assets) of the company in pre and post-acquisition three years using paired t-test and Wilcoxon signed rank test. It is found that for the variable ROApost12 and ROApost123, the post-acquisition performance is positive for large deals while negative for small deals. There is no difference in...

Return from Indian Acquisitions: Does Deal Size Matter?

Leepsa, N. M. & Mishra, C. S., 2014. Return from Indian Acquisitions: Does Deal Size Matter? Co-author: Dr. Chandra Sekhar Mishra, VGSoM, IIT Kharagpur Mergers and acquisitions are the corporate growth strategy that has grown in recent years. The performance of companies in post-acquisition period is influenced by various factors; one of the factors which remain explored is deal value. This paper attempts to investigate the post-acquisition performance of manufacturing companies in India based on their deal size-small and large deal size. Performance is evaluated on profitability parameters (return on capital employed, return on net worth, return on assets) of the company in pre and post-acquisition three years using paired t-test and Wilcoxon signed rank test. It is found that for the variable ROApost12 and ROApost123, the post-acquisition performance is positive for large deals while negative for small deals. There is no difference in ROApost1 performance in pre and post...

Every day is Valentine’s Day

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Every day is Valentine’s Day N. M. Leepsa Oh, My Love, My Darling, My Sweet Boy Since you and I are together in this year This Valentine’s day brings overwhelming Joy My cute honey bear Oh, you're Mr. Perfect (my Mr. Right) You're the Prince Charming (my Prince) You're the Dream Merchant (my Romeo) In my fairy tale And when you love me I can't stop myself to love you more I can't happier than staying in your heart This the best chapter of my life Oh, you're Honey-Bun (my Love Muffin) You're the Hot Chocolate (my Handsome Man) You're the Fluffer Nutter (my Funny Hunny) And in my heart I have listed many names to call you sweetly I love you very much, my Angel, my Knight, my Everything “To love you and to be loved by you” is only thing I want My world, My sunshine, my dear adorable Valentine Every day is Valentine’s Day with your love for me in your heart Every day is Valentine’s Day with your faith that you have on ...

Memories Unlimited

I got an idea to store my memories. This year, whatever achievements I get be it big or small, I will note it down on my blog. The moments of happiness, the days of experiences and learnings I will pen on my blog. This will give me the list of things that made my 2018 special. I believe every day is special, something different and something unique. I count every day as a day different from yesterday. We meet different people, we feel the different weather, we do different things. So why not to save the favorite moments. It’s like filling a memories jar throughout the year and reading it at the end of the year to recollect & cherish those wonderful memories. 26th January 2018 On the last working day of 2017, I got my driving learner’s permit. I was determined to pass it.  Then I started learning driving by admitting to a driving school. Its Key Skills Driving School whose office is in Chandler, Arizona. The school is not far from my house. Its managed by two veterans...

faculty Interview questions by panel members-Institute II

1. What do you mean by Empirical Study? How your study is an empirical study? 2. What do you mean by the exploratory study? Is your study exploratory study? 3. Have you read research methodology? What is the difference between empirical study and exploratory study? 4. What is a risk? How it is measured? How it can be quantified? Suppose I purchase a government securities bond for 10 years, is it a risky asset?  Suppose I bought an asset with 10-12% of return, is it a risky asset? 5. What is a derivative instrument? 6. What was the basic reason of Lehman brother’s bankruptcy? Lehman brother a real estate sector? 7. What is the difference between NPV, IRR, ERR? Have you done exercise during your M.com on these terms? Explain with such examples. 8. What is the basic definition of management? What are the features of management? As you are going to teach in a management institute, what you will manage? Do you manage space, Do you manage money? Do you manage material? Is...

I die, your death, Certainly not, pass away our love

I die, your death, Certainly not, pass away our love You took it away in the last meet Growing pain and my heartbeat I have lost my feelings, my inner heat Shocked, why does history repeat? Has life lost its true meaning? At one time innocent, next cunning What? I am now thinking Let you decide this evening No one to hold me in arms Lost my beauty lost my charms Light is cold, and light is warm To hold me tight stretch your arm What you would do with my soul If only love is to play the main role And striving to be again whole Stolen in time as reaching my goal I think that I am dead City of funeral you made Where its pieces to spread? In slums of despair widespread It’s my beauty that I own That you already adorn Can't let it go to be blown Also, not let you be thrown Days were days, now seems like a year Few days for joy and more for tear It is very hard for nights, to bear Awaking for your decision to hea...